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Jordanian economy hit hard by Egypt, Syria revolutions
- Jordan: Sunday, November 18 - 2012 at 01:46
Marwan Awad, CEO of Jordan Ahli Bank has said non-oil producing economies in the Mena region are "in the abyss," and that Jordan's economy has been in decline since revolutions started across the Arab world two years ago, The Daily Star has reported. Revolutions in two of the kingdom's strategic economic partners, Egypt and Syria, had a dire economic impact, Awad said at the Annual Arab Banking Conference in Beirut. Losses from disruption of Egyptian gas to the country, alone stand at $1.8bn, he said. "The Jordanian financial sector is being caught between the jaws of the pillars and other non-oil producing Mena countries are no better," he said.
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